Oct 17, 2013 (LBT) - Uptrend in indices: Indices denoted an upward trend as the benchmark index traded in a 19 point band before settling with a gain of 14 points. The index heavy counters led the upturn as gains made in Ceylon Tobacco Company (+1.8%), CT Holdings (+8.4%), Carsons Cumberbatch (+2.8%) and Sri Lanka Telecom (+1.8%) weighed positively on the index. Consequently the S&P SL20 index gained 18 points.
JKH topped turnover; crossings added 40%: John Keells Holdings spearheaded the day’s turnover supported by four crossings accumulating to 750k shares at prices between LKR217.0 and LKR218.0. On-board activity in the counter denoted considerable buying interest as its price touched LKR218.5 before settling at LKR217.3. John Keells Holdings [Rights] saw significant activity as an off-board block of 803k shares were transacted at LKR66.0 before it closed lower with some selling pressure.
BFI sector play highlighted selected counters: Sampath Bank and Hatton National Bank (Non-Voting) gathered interest. The former emerged to the top turnover slot followed by an on-board block of 85k shares. Continuous interest in Textured Jersey Lanka led the counter to renew its 52-week high at LKR15.4 amidst a few mid-sized on-board blocks. Interest stayed in diversified counters; Hayleys and Softlogic Holdings. Retail activity in selected counters: Retail activity surrounded selected counters; Touchwood Investments, MTD Walkers, Multi Finance, Textured Jersey Lanka and John Keells Holdings [Rights].